The average price of a gallon of self-serve regular gasoline in Los Angeles County was at its lowest amount to end a year since 2020 Tuesday, $4.412, a year after being at its highest amount to end a year, $4.755.
The average price dropped to its lowest amount since July 28, 2021, $4.362, on Dec. 19, but has risen nine times in 12 days since then, increasing 5 cents, including four-tenths of a cent Tuesday, according to figures from the AAA and Oil Price Information Service.
The average price is nine-tenths of a cent more than one week ago but 4 cents less than one month ago and 34.3 cents lower than one year ago. It has dropped $2.082 since rising to a record $6.494 on Oct. 5, 2022.
The Orange County average price was also at its lowest amount to end a year since 2020 Tuesday, $4.338, a year after being at its highest amount to end a year, $4.660. It dropped to its lowest amount since July 5, 2021, $4.285, on Dec. 19, but has risen seven of 12 days since then, increasing 5.7 cents.
The Orange County average price decreased two-tenths of a cent Tuesday and is four-tenths of a cent less than one week ago, 3.4 cents lower than one month ago and 32.2 cents below what is was one year ago. It has dropped $2.121 since rising to a record $6.459 on Oct. 5, 2022.
The national average price rose 1.7 cents to $3.043, one day after in increase of one-tenth of a cent ended a streak of three consecutive decreases totaling 1.7 cents. It is two-tenths of a cent more than one week ago but 1.4 cents less than one month ago and 6.9 cents lower than one year ago.
The national average price has dropped $1.973 since rising to a record $5.016 on June 14, 2022.
“2024 will mark the second consecutive year of a decline in the national average,” said Patrick De Haan, head of petroleum analysis at GasBuddy, which provides real-time gas price information from more than 150,000 stations.
“I expect the national average to remain mostly stable.”